Loading...
Loading...
Stifel Nicolaus initiates Timken
TKR with a Buy rating and a price target of $65 on the company's attractive mix and continuing demand momentum.
Stifel Nicolaus notes, "Timken's product end-markets are critical broad segments of the global economy. Although these markets are rather diverse, they are still highly cyclical. Generally speaking, we view the overall mix of end markets as attractive and see the demand momentum continuing into 2012 for them. Timken has transformed its business by expanding its product offering, pruning less profitable businesses, increasing the mix of aftermarket sales, and expanding penetration into markets outside of the U.S."
TKR closed at $51.88 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in